Pandemic COVID-19 left without means of livelihood of the shop owners, designed for tourist group from China. As a result, the opening for one of the most important from the point of view of infrastructure Frunze embankment in Moscow has reached 50%, which is almost five times above the average for the city. After the lifting of restrictions due to pandemic infrastructure for Chinese tourists can move to a new place: in the number of cases consultants are called Poklonnaya hill.That on Frunze embankment in Moscow vacancy in the premises of street retail is at least 50%, “Kommersant” reported the Deputy Director of the direction of street retail at Knight Frank Irina Kozina. Here 2017 unfolded aimed exclusively at Chinese tourists trade jewelry, amber Souvenirs, etc. According to Knight Frank, in 2019 these facilities took up 30% of all rooms on the waterfront. Half of them have already left the premises after the Russian authorities first imposed a moratorium on visa-free entry for travelers from China and on February 20, forbade Chinese citizens entry to Russia because of the pandemic, COVID-19, according to Ms. Kozina.In particular, a new tenant looking for tenants of the building that housed calling themselves private art gallery “Friendship” is one of the major facilities working only with organized groups from China. Kommersant’s source, ran one of the stores on Frunzenskaya embankment, said that was unable to agree on a rent holiday with the owner of the premises and was forced to move out: “six months or a year to pay the rent closed outlets is meaningless.”In 2019, the Central Bank called Chinese tourists leaders for total expenditure in the country: in the first three months of last year, according to estimates of the Central Bank, they spent in Russia, $264 million Thus, the annual expenditure can be estimated more than $1 billion. Chinese tourists spending money at the check-out for rabitechi the vacancy rate on Frunze embankment appreciably higher than the average for Moscow. According to estimates of JLL, in the main shopping corridors of the city in the first quarter of 2020, the vacancy rate was 9.9% versus 9.1% in the previous quarter. But the consultants expect that the main effect of the challenging retail situation will be visible in the first half of the year. So, JLL predicts that during the crisis the share of vacant premises in the second quarter could grow by another 2-3 percentage points.Head of Department of trading real estate Cushman & Wakefield Oksana Mostyaeva claims that the closure of points is not only a pandemic COVID-19, but with the numerous complaints of local residents on an endless stream of Chinese tourists class “medium minus”. “The task was about the transfer of this infrastructure to any other place in Moscow with the condition��IEM that it will have access to transportation, road access and sufficient capacity,” says MS Mustaeva.According to her, while such a place was not found. In Knight Frank believe that theoretically these stores can be located in the area of Poklonnaya hill: there is a stop for buses, and the place is popular among tourists.The company R4S (is engaged in sale and lease of commercial property) consider that processes taking place today are short and in the medium term, the withdrawal of Chinese tourists does not significantly change the overall picture of the Frunzenskaya embankment. “As before, the prevail will be tenants of commercial real estate, whose activities are connected with the selling of luxury furniture, finishing materials, interior items and Antiques”— believe there. The head of a group of street retail “Shop of shops” Yulia Korchagina adds that for conventional stores on this street are too small as a pedestrian and a car (because of the awkward entrance) traffic.Nikita Sharenkov
